Top First Assessment, MN Mortgage Lenders

RankFirst Assessment Mortgage LenderFirst Assessment Home Loans ProcessedFirst Assessment Home Loans ApprovedFirst Assessment Home Loans DeniedFirst Assessment Mortgage Median Loan to Income Ratio (LTR) for Approved LoansFirst Assessment Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,172 65%14%
  • 215%
  • (140,000 Loan / $65,000 Income)
  • 234%
  • (417,000 Loan / $178,000 Income)
2Us Bank 588 83%9%
  • 242%
  • (92,000 / $38,000)
  • 261%
  • (170,000 / $65,000)
3Jpmorgan Chase Bank 435 89%8%
  • 258%
  • (80,000 / $31,000)
  • 216%
  • (119,000 / $55,000)
4Affinity Plus Federal Credit U 407 64%7%
  • 160%
  • (136,000 / $85,000)
  • 242%
  • (160,000 / $66,000)
5Countrywide Bank Fsb 336 70%18%
  • 198%
  • (101,000 / $51,000)
  • 300%
  • (60,000 / $20,000)
6Bank Of America 287 73%15%
  • 244%
  • (203,000 / $83,000)
  • 222%
  • (214,000 / $96,000)
7Citimortgage 228 84%6%
  • 212%
  • (215,000 / $101,000)
  • 287%
  • (138,000 / $48,000)
8Countrywide Home Loans 214 84%9%
  • 232%
  • (188,000 / $81,000)
  • 234%
  • (242,000 / $103,000)
9Mortgage Guaranty Insurance Co 132 76%10%
  • 262%
  • (205,000 / $78,000)
  • 296%
  • (193,000 / $65,000)
10Riverwood Bank 124 75%10%
  • 227%
  • (84,000 / $37,000)
  • 344%
  • (86,000 / $25,000)
11Citibank 119 69%13%
  • 159%
  • (59,000 / $37,000)
  • 71%
  • (43,000 / $60,000)
12Beneficial Company Llc 109 6%76%
  • 189%
  • (72,000 / $38,000)
  • 233%
  • (70,000 / $30,000)
13United Guaranty Corporation 107 71%2%
  • 214%
  • (230,000 / $107,000)
  • 152%
  • (149,000 / $98,000)
14American National Bank Of Minn 105 89%3%
  • 123%
  • (109,000 / $88,000)
  • 127%
  • (23,000 / $18,000)
15Cmg Mortgage Insurance Co. 90 91%2%
  • 274%
  • (118,000 / $43,000)
  • 375%
  • (90,000 / $24,000)
16Bell America Mortgage Llc Dba 81 71%7%
  • 253%
  • (124,000 / $49,000)
  • 402%
  • (149,000 / $37,000)
17Us Bank North Dakota 70 40%40%
  • 178%
  • (91,000 / $51,000)
  • 240%
  • (120,000 / $50,000)
18C.U. Mortgage Services, 69 71%10%
  • 190%
  • (164,000 / $86,000)
  • 215%
  • (82,000 / $38,000)
19Wells Fargo Funding 68 98%0%
  • 125%
  • (184,000 / $147,000)
0
20Embrace Home Loans, 68 10%35%
  • 321%
  • (90,000 / $28,000)
  • 360%
  • (144,000 / $40,000)

First Assessment, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 7,231
  2. Loan Applications Denied: 1,141
  3. % of Loan Applications Denied: 15
  4. # of Loan Originations: 4,875
  5. % of Loan Applications Originated 67

First Assessment, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral9
Debt-to-income ratio7
Credit history7
Credit application incomplete3
Unverifiable information1

First Assessment, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0001,978 6317
$100,000 - $300,0004,453 6815
$300,000 - $500,000712 6814
$500,000 - $1,000,00070 4631
$1,000,000 - $1,500,00013 5330
$1,500,000 - $2,000,0004 050
> $2,000,0001 1000

First Assessment, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0005,413 6516
$100,000 - $300,0001,565 7012
$300,000 - $500,000161 6711
$500,000 - $1,000,00072 6922
$1,000,000 - $1,500,00011 810
$1,500,000 - $2,000,0004 7525
> $2,000,0005 1000

Loan to Income Ratios Research for Mortgage in First Assessment, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%21563 17
30 - 60%35362 22
60 - 100%51867 15
100 - 200%1,88272 11
200 - 300%2,10468 14
300 - 400%1,27567 15
> 400%88454 25

First Assessment, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling5,986 6616
Not Owner-Occupied As A Principal Dwelling1,155 7513
Not Applicable19 4221

Home Owner Property Type Statistics in First Assessment, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)6,589 6616
One To Four-Family526 794
Manufactured Housing116 5619
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